CPI(M) general secretary Sitaram Yechury on Monday alleged that despite the PMC Bank depositors being in "dire straits", the government does not care about their plight, days after two deaths have occurred as a result of the crisis.
So far, four depositors have lost their lives apparently due to the crisis.
"When the RSS/BJP govt waives off unpaid loans of the rich and gives super-rich tax bonanzas, it destroys banks and this has real consequences on ordinary lives. Another example of misery: PMC Bank depositors, some are dead, others in dire straits. RSS/BJP govt does not care," Yechury tweeted.
Accusing the government of lying about the economic situation, Yechury alleged that public money was being used for "PR".
"The BJP govt has been lying shamefacedly. It has destroyed the Economy and lives of millions of Indians. Tax revenues have crashed and public money is used for PR, tamashas and self-promotion. Further tax cuts for its rich cronies, after this shortfall? This is a scandal," he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)